Oregon · 2025 Regular Session · Bill
HB 3975: Relating to a tax credit for de novo banks; prescribing an effective date.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 3975 is a bill introduced in the Oregon House on May 20, 2025. According to its official title, it concerns: Relating to a tax credit for de novo banks; prescribing an effective date. Primary sponsor: Bobby Levy (Republican), Werner Reschke (Republican). Most recent recorded action (June 28, 2025): In committee upon adjournment.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Creates a corporate excise tax credit for each of the first three years that a bank does business in this state. Applies to banks that commence business in tax years beginning on or after January 1, 2026, and before January 1, 2032. Takes effect on the 91st day following adjournment sine die.
Sponsors
Sponsors by party (alphabetical): Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Bobby Levy | Primary sponsor | Republican | House | 58 |
| Werner Reschke | Primary sponsor | Republican | House | 55 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- In committee upon adjournment.
- Public Hearing held.
- Referred to Revenue.
- First reading. Referred to Speaker's desk.